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Crude Thoughts

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 6, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Further misery for the oil price and Brent in particular, today the price has fallen back through the 11+ year lows and as I write is trading at $35.32. WTI appears to have been protected by a slightly odd set of API inventory stats which came out after the US close. Whilst the good news was that crude stocks overall drew by 5.6m barrels the bad news was that at Cushing they actually increased by 1.4m barrels and in product, gasoline was a build of 7.1m barrels and distillates were up 5.6m

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